It’s Friday! That means Q&A: “How Strong Is the California Pension System?”, “Should I Sell a Stock that Makes Up 25% of My Net Worth?”, and more!
My thesis is simple: high 401(k) balances are correlated to people who are rich, but they are not a causative factor of wealth.
Today, please enjoy this recording of my appearance on Episode 107 of the Sound Retirement Planning Podcast with Jason Parker!
Bill is a really neat guy. He enjoyed a very fun and adventurous career wherein he primarily worked for himself. And then he retired early.
Have you ever wanted to invest through an IRA or 401(k) for the purpose of early retirement but felt stymied by the thought of paying a 10% penalty tax?
I think it’s a real mistake to focus first on retiring comfortably if we haven’t first made a plan for working comfortably.